Renault chairman: could seek 4-5 billion euros worth of bank loans
Renault Chairman Jean-Dominique Senard said on Friday that the carmaker could seek bank loans worth 4-5 billion euros ($4.4-$5.4 billion).
Japan’s battle with pandemic may mark end of Abe’s fiscal experiment
The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for “helicopter money” – unlimited spending bankrolled by the central bank.
Tesla expands locally made line-up, blunting trade war impact
U.S. electric vehicle maker Tesla Inc said on Friday it has started China sales of two more Model 3 variants built at its Shanghai plant, meaning all Model 3 sedans sold in the country are now locally made and not subject to import tax.
Kremlin says Putin, Trump, Saudi king seek to stabilise oil trade
Russian President Vladimir Putin, U.S. President Donald Trump and Saudi Arabia’s King Salman, discussed the OPEC+ oil group meeting in a phone call on Friday and confirmed their aim was to stabilise the global oil trade, the Kremlin said.
Tesla starts selling two new locally made Model 3 variants in China
U.S. electric vehicle maker Tesla Inc said on Friday it has started selling two new locally made Model 3 sedan variants in China.
Saudi energy minister says OPEC+ oil pact hinges on Mexico joining
Saudi Arabia’s energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day (bpd), which was agreed on Thursday, hinges on Mexico joining in the cuts.
High U.S. unemployment, 2.5 million jobs lost through 2021: survey
After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a year in an outcome that would douse hopes for a quick, post-pandemic return to no…
Boeing considers potential 10% cut to workforce: WSJ
Boeing Co is considering a plan to cut its workforce by about 10%, which could involve buyouts, early retirements and involuntary layoffs, the Wall Street Journal reported on Thursday.
Saudi king, Trump, Putin review importance of cooperation between oil producing countries
Saudi Arabia’s King Salman, U.S. President Donald Trump and Russian President Vladimir Putin reviewed, in a phone call, the importance of cooperation between oil producing countries, after Thursday’s OPEC+ meeting, Saudi state news agency SPA reported….
Saudi, Russia outline record oil cut under U.S. pressure as demand crashes
OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.
